Work and retirement

Sort Help

Results

All (39)

All (39) (0 to 10 of 39 results)

  • Articles and reports: 11F0019M2013352
    Geography: Canada
    Description:

    With the leading edge of the baby boom generation now in their mid-sixties, there is considerable interest in how and when these individuals will retire. To help place this issue in a broader context, this paper provides information on the employment histories of individuals who were aged 33 to 38 in 1983 and aged 60 to 65 in 2010.

    The longest observed duration of employment is used as an organizing framework, with summary measures presented on indicators such as years of employment, job turnover, annual and cumulative earnings, permanent and temporary layoffs, and years of pensionable service. Cohort members are loosely categorized as 'marginally attached workers', 'mobile workers', or 'long-term-job holders' according to their employment characteristics, with about one-tenth, one-quarter, and two-thirds of cohort members in these groups, respectively.

    Release date: 2013-10-02

  • Articles and reports: 75-006-X201200111750
    Geography: Canada
    Description:

    This article provides estimates of the expected working life and post-retirement life-expectancy of workers when they reach 50 years of age. Estimates for various educational attainment categories are also provided, by taking both voluntary and involuntary retirements into account.

    Release date: 2012-12-04

  • Articles and reports: 75-004-M2012001
    Geography: Canada
    Description:

    This article uses the concept of expected working life, developed in a previous article, and expands it to include involuntary retirements based on certain scenarios. We also examine the effect of level of education on expected working life.

    Release date: 2012-12-04

  • Articles and reports: 11-626-X2012014
    Geography: Canada
    Description:

    This article in the Economic Insights series reports on the most recent statistical developments relating to the financial well-being of retirees. This summary is based on selected research done at Statistics Canada on the contribution of income, consumption, and financial wealth to the well-being of older Canadians.

    Release date: 2012-08-29

  • Articles and reports: 75-001-X201100411578
    Geography: Canada
    Description:

    This article examines changes since 1976 in a number of indicators that show the aging of Canadian workers and a growing number of workers delaying retirement. The increase in delayed retirement is consistent with an increase in the employment rate of older workers, however, it is at odds with statistics indicating that the average retirement age has remained surprisingly stable. This article attempts to reconcile the two apparently contradictory trends using a new expected working-life indicator.

    Release date: 2011-10-26

  • Articles and reports: 11F0027M2011067
    Geography: Canada
    Description:

    Studies of pre- and post-retirement annual income have focused on the extent to which income falls at this crucial stage in life. Although these studies vary in scope and intent, the overall consensus is that the Canadian retirement income system provides income replacement rates that are in the excess of 60% to 70% for a plurality of Canadians, especially for those who had low incomes during their prime working years. However, little has been published on the extent to which retirees maintain their same levels of consumption. Using data from the Survey of Family Expenditures (FAMEX) and from the Survey of Household Spending (SHS), this study develops a synthetic cohort approach to determine how the consumption patterns of households headed by individuals in their late 40s (in the early 1980s) differ from those of a group of households headed by individuals in their early 70s (in the late 2000s). It finds that, even though the nature of consumption changes over time, the overall levels of consumption "per adult" do not decline by substantial amounts among Canadians as they age.

    Release date: 2011-03-25

  • Articles and reports: 75-001-X201100111400
    Geography: Canada
    Description:

    A substantial proportion of working seniors are self-employed. This article uses census data to study self-employment among senior men and women. Trends in self-employment rates and categories are presented, along with occupational and industrial profiles. In addition, 2006 data are used to study factors associated with self-employment.

    Release date: 2011-01-31

  • Articles and reports: 75-001-X201100111402
    Geography: Canada
    Description:

    This study examines four distinct states of retirement among older Canadians: fully retired; partially retired; previously retired but returned to work; and never retired. Using the 2009 Canadian Community Health Survey (CCHS) Healthy Aging, it presents the socio-economic characteristics of each group, and discusses their differing work patterns and health.

    Release date: 2011-01-31

  • Articles and reports: 75-001-X201010713253
    Geography: Canada
    Description:

    Most Canadians retire by the age of 65. Some, however, continue to work well into their senior years. This article uses census data to study labour market activity among senior men and women. Trends in seniors employment rates and occupational and industrial profiles are outlined. In addition, 2006 data are used to study factors associated with employment and work intensity.

    Release date: 2010-09-21

  • Articles and reports: 11F0019M2010328
    Geography: Canada
    Description:

    This paper examines the extent to which family income during working years is replaced during the retirement years. It does so by tracking cohorts as they age from their mid-50s to their late 70s, using a taxation-based longitudinal data source that covers 26 years from 1982 to 2007. Earlier work by the same authors examined this question with respect to the 50% of the population with strong labour force attachment during their mid-50s. This paper extends that work to include almost all Canadians (80% to 85% of the population). The adult-equivalent-adjusted family income available to the median Canadian during his or her late 70s is about 80% of that observed when the same person was in his or her mid-50s (a replacement rate of 0.8). Replacement rates in retirement are negatively correlated with income earned around age 55. Median replacement rates are 1.1 among individuals in the bottom income quintile, 0.75 in the middle quintile, and 0.7 in the top quintile. In retirement, public pensions and other transfers more than replace earnings and other income of bottom quintile individuals. However, some individuals have very low replacement rates. For example, 20% of individuals in the middle income quintile had replacement rates below 0.6. More recent cohorts had higher family incomes in retirement than did earlier cohorts as a result of higher earnings and private-pension income.

    Release date: 2010-07-29
Data (0)

Data (0) (0 results)

No content available at this time.

Analysis (39)

Analysis (39) (0 to 10 of 39 results)

  • Articles and reports: 11F0019M2013352
    Geography: Canada
    Description:

    With the leading edge of the baby boom generation now in their mid-sixties, there is considerable interest in how and when these individuals will retire. To help place this issue in a broader context, this paper provides information on the employment histories of individuals who were aged 33 to 38 in 1983 and aged 60 to 65 in 2010.

    The longest observed duration of employment is used as an organizing framework, with summary measures presented on indicators such as years of employment, job turnover, annual and cumulative earnings, permanent and temporary layoffs, and years of pensionable service. Cohort members are loosely categorized as 'marginally attached workers', 'mobile workers', or 'long-term-job holders' according to their employment characteristics, with about one-tenth, one-quarter, and two-thirds of cohort members in these groups, respectively.

    Release date: 2013-10-02

  • Articles and reports: 75-006-X201200111750
    Geography: Canada
    Description:

    This article provides estimates of the expected working life and post-retirement life-expectancy of workers when they reach 50 years of age. Estimates for various educational attainment categories are also provided, by taking both voluntary and involuntary retirements into account.

    Release date: 2012-12-04

  • Articles and reports: 75-004-M2012001
    Geography: Canada
    Description:

    This article uses the concept of expected working life, developed in a previous article, and expands it to include involuntary retirements based on certain scenarios. We also examine the effect of level of education on expected working life.

    Release date: 2012-12-04

  • Articles and reports: 11-626-X2012014
    Geography: Canada
    Description:

    This article in the Economic Insights series reports on the most recent statistical developments relating to the financial well-being of retirees. This summary is based on selected research done at Statistics Canada on the contribution of income, consumption, and financial wealth to the well-being of older Canadians.

    Release date: 2012-08-29

  • Articles and reports: 75-001-X201100411578
    Geography: Canada
    Description:

    This article examines changes since 1976 in a number of indicators that show the aging of Canadian workers and a growing number of workers delaying retirement. The increase in delayed retirement is consistent with an increase in the employment rate of older workers, however, it is at odds with statistics indicating that the average retirement age has remained surprisingly stable. This article attempts to reconcile the two apparently contradictory trends using a new expected working-life indicator.

    Release date: 2011-10-26

  • Articles and reports: 11F0027M2011067
    Geography: Canada
    Description:

    Studies of pre- and post-retirement annual income have focused on the extent to which income falls at this crucial stage in life. Although these studies vary in scope and intent, the overall consensus is that the Canadian retirement income system provides income replacement rates that are in the excess of 60% to 70% for a plurality of Canadians, especially for those who had low incomes during their prime working years. However, little has been published on the extent to which retirees maintain their same levels of consumption. Using data from the Survey of Family Expenditures (FAMEX) and from the Survey of Household Spending (SHS), this study develops a synthetic cohort approach to determine how the consumption patterns of households headed by individuals in their late 40s (in the early 1980s) differ from those of a group of households headed by individuals in their early 70s (in the late 2000s). It finds that, even though the nature of consumption changes over time, the overall levels of consumption "per adult" do not decline by substantial amounts among Canadians as they age.

    Release date: 2011-03-25

  • Articles and reports: 75-001-X201100111400
    Geography: Canada
    Description:

    A substantial proportion of working seniors are self-employed. This article uses census data to study self-employment among senior men and women. Trends in self-employment rates and categories are presented, along with occupational and industrial profiles. In addition, 2006 data are used to study factors associated with self-employment.

    Release date: 2011-01-31

  • Articles and reports: 75-001-X201100111402
    Geography: Canada
    Description:

    This study examines four distinct states of retirement among older Canadians: fully retired; partially retired; previously retired but returned to work; and never retired. Using the 2009 Canadian Community Health Survey (CCHS) Healthy Aging, it presents the socio-economic characteristics of each group, and discusses their differing work patterns and health.

    Release date: 2011-01-31

  • Articles and reports: 75-001-X201010713253
    Geography: Canada
    Description:

    Most Canadians retire by the age of 65. Some, however, continue to work well into their senior years. This article uses census data to study labour market activity among senior men and women. Trends in seniors employment rates and occupational and industrial profiles are outlined. In addition, 2006 data are used to study factors associated with employment and work intensity.

    Release date: 2010-09-21

  • Articles and reports: 11F0019M2010328
    Geography: Canada
    Description:

    This paper examines the extent to which family income during working years is replaced during the retirement years. It does so by tracking cohorts as they age from their mid-50s to their late 70s, using a taxation-based longitudinal data source that covers 26 years from 1982 to 2007. Earlier work by the same authors examined this question with respect to the 50% of the population with strong labour force attachment during their mid-50s. This paper extends that work to include almost all Canadians (80% to 85% of the population). The adult-equivalent-adjusted family income available to the median Canadian during his or her late 70s is about 80% of that observed when the same person was in his or her mid-50s (a replacement rate of 0.8). Replacement rates in retirement are negatively correlated with income earned around age 55. Median replacement rates are 1.1 among individuals in the bottom income quintile, 0.75 in the middle quintile, and 0.7 in the top quintile. In retirement, public pensions and other transfers more than replace earnings and other income of bottom quintile individuals. However, some individuals have very low replacement rates. For example, 20% of individuals in the middle income quintile had replacement rates below 0.6. More recent cohorts had higher family incomes in retirement than did earlier cohorts as a result of higher earnings and private-pension income.

    Release date: 2010-07-29
Reference (0)

Reference (0) (0 results)

No content available at this time.

Date modified: